Platts launches yearly, dynamic LNG carbon-accounted base rates and EUA charges for assessed routes

Platts, part of S&P Global Commodity Insights, has launched yearly and dynamic LNG carbon-accounted base rates on 823 assessed routes involving EU ports, effective May 19, 2025.

The rates assessed in $/mt expand our current suite of Platts Base Rates for LNG fuel that was launched Oct. 16, 2023. Details for the same can be referenced in the subscriber methodology notes here(opens in a new tab).

The new LNG carbon-accounted base rates reflect all the costs of a round trip for a tanker, considering one or more loading and discharge ports.

These rates include fuel expenses, port costs, agency fees, other well-known miscellaneous costs and EU Allowance charges.

In line with the EU Directive 2023/959 of May 10, 2023, the LNG carbon-accounted base rates fully reflect the costs to offset:

• 100% of CO2 emissions for intra-EU voyages and time spent in European Economic Area berths.
• 50% of CO2 emissions for all inbound and outbound voyages between EU and non-EU member states.
• 0% of CO2 emissions, while the vessel is in a non-EU member state port.

The yearly LNG carbon-accounted base rates include an average of EUA spot values, from Oct. 1 of the previous year to Sept. 30 of the current year (symbol code ABQVQ00).

The dynamic LNG carbon-accounted base rates include the EUA spot value for the corresponding date (symbol code EADLP00).

Additionally, yearly and dynamic EUA charges, basis LNG, have been published as standalone values to represent the estimated cost of LNG carbon emissions of each assessed route.

The methodology adheres to the phased-in approach outlined by the European Parliament regarding the reporting and payment of emissions, as indicated below:

• 70% of emissions reported in 2025 are payable in 2026.
• 100% of emissions reported in 2026 are payable in 2027.

The launch of the above base rates follows a decision note(opens in a new tab) published April 22 and a proposal note(opens in a new tab) published April 7.

The yearly and dynamic LNG carbon-accounted base rates can be accessed on Platts Connect under Tanker Freight.

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